VUT Appoints Luyanda Ndeya as Interim CFO
10 May 2024
The Vaal University of Technology (VUT) has appointed Mr Luyanda Ndeya as the Interim Chief Financial Officer (CFO), effective from 08 April 2024. The appointment follows the resignation of former CFO Ms Nontando Mgobo at the end of February.
A Chartered Accountant CA (SA) with a distinguished career spanning executive roles in finance, consulting, and auditing, his professional journey is emblematic of his commitment to excellence and integrity. Having worked in both the public and private sectors, his influence extends to, and can be traced in various industries including aviation, logistics, mining, manufacturing, wholesale, credit/debt management, construction, as well as higher education. Armed also with a Cum Laude in Master of Business Administration (MBA) from the University of South Africa (UNISA)’s School of Business Leadership (SBL), Ndeya has a strong performance track record having assisted organizations to source funding, increase revenue, enhance the bottom line, reduce costs, and build business strategies which result in long-term sustainable growth in businesses.
As an Interim CFO, Ndeya’s responsibilities encompass a broad spectrum of strategic functions aimed at ensuring the institution’s fiscal health and sustainability. These include but not limited to, budgetary oversight and revenue optimization which will propel VUT towards a promising era of financial resilience and growth. Although this is a task many have described as daunting, his proven leadership track record coupled with a comprehensive understanding of financial principles, uniquely position him as a formidable asset to bring about transformative impact to VUT’s financial operations.
Although there are too many to mention, some of his career highlights include being seconded to the United Nations, performing international audits in Eastern Europe and Asia. He has also assisted the African Institute of South Africa (AISA) from a Disclaimer Audit Opinion to an Unqualified Audit Opinion. He further assisted Safety and Security Sector Education and Training Authority (SASSETA) from a qualified audit opinion to an unqualified audit opinion and implemented financial systems.
Amongst the many caps he wears, he serves on the board of a Textile Manufacturing company as a non-Executive Director with a mandate to turn around the company.
Luyanda’s appointment as Interim CFO highlights VUT’s commitment to fostering a culture of financial accountability and transparency. Under his guidance, the institution is poised to navigate the complexities of the financial landscape with resilience and agility, ensuring its continued success and growth.